The Board of Directors has three members, namely, Victor Gansac, co-founder of Safetech Innovations, Mircea Varga, member of the Board of Directors of TEILOR Holding, and Alexandru Mihailciuc, Global Head of Pre-Sales within UiPath. Victor Gansac was also appointed as Chairman of the Board.
The mandate of the new members of the Board is two years.
“Safetech is going through a phase of accelerated growth amid growing demand for cybersecurity solutions and services provided by our team. For 2022, we aim at revenues of approximately 44 million lei and a net profit of 10.1 million lei. We also plan to be operational by the end of the year in the three markets where we have or will have subsidiaries, namely the United Kingdom, the United Arab Emirates, and the United States. In addition, we intend to expand our client portfolio and start the process of moving to the Main Market, as we want to become an attractive issuer for institutional investors. Therefore, we needed to bring with us partners with in-depth experience in finance and sales. I thank Mircea and Alexandru for joining Safetech to contribute to the development of the business, as well as our shareholders, for the vote of confidence given to the new Board of Directors. Given the strong team we have, both at the executive level and the board level, I am confident that Safetech has the potential to grow as a significant player in international cybersecurity in the near future,” said Victor Gansac, Chairman of the Board of Safetech Innovations.
During the general meeting of shareholders in mid-April 2022, Safetech Innovations approved several vital points for the medium and long-term development of the company, particularly the admission to trading of the company’s shares on the Main Market of the Bucharest Stock Exchange. Following the approval of this proposal by the shareholders, the company will start the preparation process for the transfer of shares from AeRO to the Main Market by preparing the historical financial statements according to the IFRS standards. These will be audited by the company’s new auditor, Baker Tilly.
Besides the appointment of a Board of Directors, the company’s shareholders approved the granting of cash dividends in the total amount of RON4.15 million. Thus, the shareholders holding SAFE shares on June 9, 2022, will be eligible to receive a gross dividend per share of RON0.25. In addition, the shareholders approved the capitalization of the amount of RON9.9 million and the issuance of 49,875,000 new shares with a nominal value of RON0.2/share. Through this operation, Safetech shareholders holding SAFE shares on June 9, 2022, will receive three newly issued shares for each share held. The day of payment for cash dividends is June 16, 2022, and for free shares, June 10, 2022.
Safetech Innovations has been listed on the AeRO market since January 29, 2021. In October 2021, SAFE shares were included in the BET-AeRO index developed by the Bucharest Stock Exchange for the AeRO market. In 2021, Safetech Innovations was the most traded company in this market.